China continues to show off its influence over the London market as some of the big miners took a heavy dent on the first day when most trading desks were full after the festive celebrations.
Rio Tinto Group
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Wednesday 09 February 2011
Rio Tinto is bullish about future prospects, as a senior executive yesterday predicted the demand for some metals would double in less than two decades.
Monday 07 February 2011
Following an update last week from Tui Travel in which it said the turmoil in Egypt – plus the recent unrest in Tunisia – could cost it £30m, Thomas Cook should tell the market tomorrow how it expects to be affected when the tour operator releases its interim management statement.
Friday 07 January 2011
A positive outlook for advertising revenue gave a boost to ITV, as investors switched on to the broadcaster. The company was lifted by a wide-ranging note on the media sector from Goldman Sachs, in which it upped its forecast for global advertising.
Saturday 01 January 2011
It was with a whimper rather than a bang that the FTSE 100 said goodbye to 2010 yesterday, but a poor final session failed to take the shine off an impressive 12 months for the top-tier index.
Saturday 01 January 2011
Friday 24 December 2010
King Coal himself?
Friday 17 December 2010
Wednesday 17 November 2010
Thursday 28 October 2010
Thursday 21 October 2010
Takeover gossip was limited yesterday as the market waited for the Government's Comprehensive Spending Review (CSR). Yet shares in the insurance group Jardine Lloyd Thompson soared early as rumours of a potential bid battle escalated.
Tuesday 19 October 2010
Rio Tinto and BHP Billiton have abandoned plans for a $116bn (£73bn) joint venture merging the two companies' iron ore operations at Pilbara in Western Australia.
Monday 18 October 2010
Rio Tinto and BHP Billiton are investigating ways of abandoning their $116bn iron ore joint venture in Western Australia, which is almost certain to be blocked by regulators, without triggering a $250m break clause, according to reports over the weekend.
Friday 15 October 2010
Germany's Central Cartel Office, which is responsible for ruling on competition cases, hammered a further nail in the coffin of BHP Billiton and Rio Tinto's huge iron ore joint venture yesterday when it announced it would deny approval for the project.
Friday 08 October 2010
The mining industry – including a number of London-listed groups – have opened discussions with Australia's new government over Canberra's planned 30 per cent profits tax on the resources industry.
Wednesday 06 October 2010
The proposed $116bn joint venture between Rio Tinto and BHP Billiton to mine iron ore in Western Australia appeared to be close to collapse last night after minutes of a Rio board meeting, suggesting that the company wanted to back out of the deal, were leaked to an Australian newspaper.
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